NEW DELHI (Reuters) – Planemaker Boeing plans to build on its existing investments in India in areas such as defence supply chains and manufacturing, the company said on Wednesday. The world’s second-largest planemaker is offering its F/A-18 fighter jet for sale to India’s armed forces and said the selection of the jet would help boost…
By Daniel Wiessner (Reuters) – Tesla Inc’s lawyers on Wednesday will urge a California judge to throw out a lawsuit by the state’s civil rights agency accusing the electric car maker of widespread race discrimination at an assembly plant. California Superior Court Judge Evelio Grillo in Oakland will hold a hearing on Tesla’s bid to…
By Mathieu Rosemain PARIS (Reuters) – Google has breached a European Union court ruling by sending unsolicited advertising emails directly to the inbox of Gmail users, Austrian advocacy group noyb.eu said on Wednesday in a complaint filed with France’s data protection watchdog. The Alphabet unit, whose revenues mainly come from online advertising, should ask Gmail…
TOKYO (Reuters) – Japan’s Honda Motor Co Ltd is considering building a separate supply chain that would lower its dependence on China, the Sankei newspaper reported on Wednesday. The move comes as Japanese manufacturers, who have built extensive production hubs in China in recent years, have seen output snarled by COVID-19-related lockdowns in Shanghai. There…
SYDNEY (AP) — Fox Corp. chief executive Lachlan Murdoch is suing Australian news website Crikey in a Sydney court for defamation over an opinion piece about last year’s storming of the U.S. Capitol. Media mogul Rupert Murdoch’s son filed a statement of claim in the Federal Court on Tuesday, a day after Crikey publisher Private…
By Rae Wee SINGAPORE (Reuters) – Indonesia’s first interest rate hike in four years made its central bank one of the last to abandon pandemic-era monetary settings, but it’s also given investors cause to stay bullish on one of the world’s more resilient emerging markets. Bank Indonesia raised its benchmark rate on Tuesday as it…
By Nivedita Bhattacharjee BENGALURU (Reuters) -India’s NDTV Ltd saw its shares jump 5% on Wednesday to a 14-year high after billionaire Gautam Adani’s conglomerate surprised the media group by saying it would buy a near-30% stake that could eventually lead to majority ownership. NDTV, which has a market valuation of about $300 million, watched as…
TOKYO (AP) — Asian shares were mostly higher Thursday as Wall Street and global markets wait for a highly anticipated speech from the U.S. Federal Reserve chair about interest rates at the end of the week. Benchmarks rose in Japan, Australia and South Korea. Trading was delayed in Hong Kong for a storm, while Shanghai…
By William Schomberg and Balazs Koranyi LONDON/FRANKFURT (Reuters) – This time last year, the world’s biggest central banks were united in getting the inflation story wrong. Now, as top policymakers gather for the Kansas City Federal Reserve’s annual monetary policy conference in Jackson Hole, Wyoming, the U.S. central bank looks like it might manage a…
By Chavi Mehta (Reuters) – Twitter Inc misled federal regulators about its defenses against hackers and spam accounts, the social media company’s former security chief Peiter Zatko said in a whistleblower complaint. In an 84-page complaint, Zatko, a famed hacker widely known as “Mudge,” alleged Twitter falsely claimed it had a solid security plan, according…
